1. Freely swiping your debit/credit card without "thinking" about your purchase. Is it worth it? Do I need it now? And if it's a credit card - can I pay this off next month?
2. Just because spending. This means browsing in the mall or online, see something, and you automatically "got to have it". Then you're kicking yourself later for the reckless spending.
3. Not putting money aside for emergency. Set aside at least 3% to 5% of your income to an emergency fund. I'm not an expert on this, but a little will go a long way. Especially if and when an emergency arises.
4. Limit bank overdraft fees. Yeah, those fees are a pests, aren't they? It will be good not to have any, but hey, I understand that situations happen when it understandably cannot be avoided. Try setting up an account just for your bills and automatic ACH payments. That way you can properly manage what goes in and out of that account and you know how much needs to be in there each month to cover transactions.
5. Desperation spending. This is a big FAT no, no. It can lead to some very bad choices. Like opening up credit accounts you cannot afford to pay back. Which can place you in a much bigger hole you're going to have to dig yourself out of.
- Spend smart.